What is everyone's thoughts on Chat With Traders?

[Fill_Or_Kill]

What, I am not allowed to live in the UK ?

As you wish, I am not a trader. So what ? It doesn't change a single thing. No idea who rentec is. They are in rental business ? Yes, it works for me short, medium and long term.

If you know how to do it better, feel free to demonstrate. Nothing can change the way I do it. Nor would I be convinced by anything but a demonstration.

I don't consider 6 figures to be difficult, 7 figures is not far away from 6. I can aspire for it if I so wish. Given your apparent belief in the impossibility of it, I imagine your own returns must be quite small, not even 20% per year ? Well, today my passive yield stands at 16%/year. So I just hold and do nothing to get that. Of course I also trade (call it gamble if it makes you happy).

Don't know about $10k lots. I'll do what seems appropriate. I might do $20k lots, or $30k, or $40k, or $50k if there is a reason for it. Why, I even have a 1.8k lot. But I don't like that trade all that much and it was just a play with another guy. I use it to influence his trade.

Were you frothing at the mouth typing this blather? 😍

I'd feel more empathy for you and your unfortunate position (zero cap, little clue, no hope in hell) if you weren't so universally obnoxious across every thread you've been in.

I for one await your compounded millionaire status with interest. :clap::clap:

 

[EnlightenedJoe]

Were you frothing at the mouth typing this blather? 😍

I'd feel more empathy for you and your unfortunate position (zero cap, little clue, no hope in hell) if you weren't so universally obnoxious across every thread you've been in.

I for one await your compounded millionaire status with interest. :clap::clap:

The only one frothing is you. I am just mildly amused by someone so obviously provincial in outlook. I always thought the yanks were the way they were through their own creation. But it seems their trait has its origin in certain part of the UK. This is an unexpected discovery. Care to state which part of the UK you are from ? This is for my research into hillbilly-ism only.

You are too generous, but your empathy is unnecessary. My cap and my clue are my business. As is how I choose to play in threads. Don't see why you need to get excited. I think you are merely projecting you own state on to others. Low return is a curse of the misinformed, those stuck in a box.

My next milestone is 6 figures, beyond that 7. Compounding is too slow for describing my rate of progress. Again it is not possible for the misinformed to imagine. When I reach my mile stones, I'd certainly be happy to announce. With your rather limited knowledge on trading, no doubt you'd expect it to happen next week. Trading is like casino, yes ?

 

[Quantt]

I found this podcast during a long haul flight... the guy who produces it certainly puts a lot of effort in and the editing seems solid to be honest - he's a natural at asking pretty decent questions and it just seems to be him cranking this out over Skype. No annoying errors like looping audio as you get in some amateur podcasts.

I would say the quality of guests is absolutely ludicrously variable, but all occasionally enjoyable for their own niche. Ridiculously you have high IQ mensch-types Ed Thorp and Blair Hull on the same podcast channel as ex Futex turdlords such as Tom Dante ("I wos institutional I wos I swear, I won't mention I was trading market profile in Woking oi oi.").

For anyone unsure, this is a bit like having Noam Chomsky on one week, followed by Stacey Dooley the next, and each given an equal pedestal.

Even worse than London hot air propstars, there's the odd blatant scammer on there who the presenter is often drawn in by during the discussion. That said, the podcast producer is very young and new to trading by his own admission.

Worth a go on your commute.

I did listen in the past, but heard only scammers and the guy was in awe with them, so I did stop listening and will not listen again, no mater which quality guest he invites from time to time, because the more listener and subscribers he gets, the more he'll continue to spread lies and scams... bottom line boycott the idiot...

 

[Fill_Or_Kill]

The only one frothing is you. I am just mildly amused by someone so obviously provincial in outlook. I always thought the yanks were the way they were through their own creation. But it seems their trait has its origin in certain part of the UK. This is an unexpected discovery. Care to state which part of the UK you are from ? This is for my research into hillbilly-ism only.

You are too generous, but your empathy is unnecessary. My cap and my clue are my business. As is how I choose to play in threads. Don't see why you need to get excited. I think you are merely projecting you own state on to others. Low return is a curse of the misinformed, those stuck in a box.

My next milestone is 6 figures, beyond that 7. Compounding is too slow for describing my rate of progress. Again it is not possible for the misinformed to imagine. When I reach my mile stones, I'd certainly be happy to announce. With your rather limited knowledge on trading, no doubt you'd expect it to happen next week. Trading is like casino, yes ?

Tedious guff.

Keep grinding out those pennies sir - but honestly PM me when you hit real money and I'll even kindly vouch you a CapMar account. You'll be amazed how helpful trading inside the bid/offer is. Good lads like yourself just giving away free money to those of us who can access pools.

 

[mpups]

i've listened to a load of CWT i think its great. He does say "cool... cool.." sometimes, funny someone should mention, but i'm fine with that hes only human he asks plenty of good questions and has many interesting guests.

sad to see yet another thread descending into the childish "im bigger than you.." argument

keyboard warrior mr f l stone keen to jump in on that one :cheesy:!

 

[EnlightenedJoe]

Tedious guff.

Keep grinding out those pennies sir - but honestly PM me when you hit real money and I'll even kindly vouch you a CapMar account. You'll be amazed how helpful trading inside the bid/offer is. Good lads like yourself just giving away free money to those of us who can access pools.

If I hit real money, I'd go share it with a bunch know nothing f***ers huddled in a pool would I ? How about I keep the money for myself and go get more where it's coming from ? With your limited imagination and expectations, I'd say your pool returns sh*t. This weekend, my annualised yield-based return is 20% and I get credited part payment every day including weekends. This is low return by my standards. You and I are not on the same level.

Using your logic that my loss is the pool's gain, then since I am a winner, my winnings are coming from the pool ?

 

[EnlightenedJoe]

Correction, my yesterday's yield estimate was off the mark owing to positions taken intra-day. The actual figure is 33%+ annualised paid in daily instalments based on my current holdings. Can BS pools do this ?

 

[mpups]

Correction, my yesterday's yield estimate was off the mark owing to positions taken intra-day. The actual figure is 33%+ annualised paid in daily instalments based on my current holdings. Can BS pools do this ?

hi joe, sounds good. i wondered how long is the period are you using before annualizing up or down? do you factor in your open p/l ?

 

[EnlightenedJoe]

hi joe, sounds good. i wondered how long is the period are you using before annualizing up or down? do you factor in your open p/l ?

My positions are held without time or other limits. They are held as long or as short as necessary. I cannot say I won't close the lot on Monday if the situation demands it. But the chance of that is rather low since nothing tells me something will happen on Monday in the adverse direction.

 

[mpups]

oh, i thought you meant you'd annualized, say, a 6 month return of 16.5% which gives 33% annualized

 

[EnlightenedJoe]

oh, i thought you meant you'd annualized, say, a 6 month return of 16.5% which gives 33% annualized

I use the daily rate to work out the annulised rate since I get paid daily. As the return varies according the portfolio composition, sometimes the rate is higher, much higher. Sometimes it's lower. But it averages out beyond anything most professional mangers can achieve.

 

[mpups]

I use the daily rate to work out the annulised rate since I get paid daily. As the return varies according the portfolio composition, sometimes the rate is higher, much higher. Sometimes it's lower. But it averages out beyond anything most professional mangers can achieve.

sorry mate, i dont know what you mean

 

[EnlightenedJoe]

sorry mate, i dont know what you mean

Doesn't matter, it's not important. Like bank interest, they say you get 0.5% a year. So the daily rate is roughly 0.5% / 365 days = 0.0014%. Going from the daily rate is: 0.0014% x 365 days = 0.5% annualised.

 

[mpups]

Doesn't matter, it's not important. Like bank interest, they say you get 0.5% a year. So the daily rate is roughly 0.5% / 365 days = 0.0014%. Going from the daily rate is: 0.0014% x 365 days = 0.5% annualised.

yes i know the maths of it i just didnt know how you were working it out. e.g. from performance year to date? this week? friday? etc 🙂

 

[EnlightenedJoe]

yes i know the maths of it i just didnt know how you were working it out. e.g. from performance year to date? this week? friday? etc 🙂

Ok.

My account balance: £100
Payment received for day: £0.25

Annualised return is: (£0.25 * 365 days) / £100 = 91%+

 

[mpups]

Ok.

My account balance: £100
Payment received for day: £0.25

Annualised return is: (£0.25 * 365 days) / £100 = 91%+

i dont know why annualizing up from one days results (times by 365) is meaningful but if you are making money in the long run then its all good

 

[EnlightenedJoe]

If 1 day is not useful then make it 2 days. It's not possible to change positions on Sunday.

If 2 days is not useful make it 3 days. I probably won't change position on Monday unless I have acceptable profits to take.

If I am forced to maintain position for a month owing to adverse conditions, then the return rate is good for a whole month.

Projecting returns is more useful than to disregard returns.

 

[mpups]

If 1 day is not useful then make it 2 days. It's not possible to change positions on Sunday.

If 2 days is not useful make it 3 days. I probably won't change position on Monday unless I have acceptable profits to take.

If I am forced to maintain position for a month owing to adverse conditions, then the return rate is good for a whole month.

Projecting returns is more useful than to disregard returns.

oh ok, I personally just go by change in net equity, factoring in the open p/l.

If net equity has gone down due to open (losing) positions over the month I will log that as a losing month. e.g. i am down this month so far, but still well up for the year to date

i just swing trade in my spare time, do you trade for a living?

 

[EnlightenedJoe]

I am well up every day on receiving the yield. I would forego the yield if capital gain is estimated to offer a superior return while reducing risk.

I trade to grow my account.

 

[mpups]

I am well up every day on receiving the yield. I would forego the yield if capital gain is estimated to offer a superior return while reducing risk. I trade to grow my account.

ok mate, if you are making money consistently its all good!